"Unlike the former Labor government, we will not take the easy way out and have a fire sale of state assets," he said.

But Treasurer Tim Nicholls says the Government will give further consideration to selling the Stanwell and CS Energy power stations, but not until 2015.

"A decision to divest would only be made after the Government receives a mandate," he said.

The Government may also sell the Queensland Investment Corporation.

The report also recommends private operators be given the chance to lease the ports of Townsville and Gladstone for long periods.

The Costello audit

The Queensland Government established the Independent Commission of Audit in March 2012

It was chaired by former federal treasurer Peter Costello

The commission's interim report was released in June 2012

The commission delivered its final report in February 2013

Out of the report's 155 recommendations, five relate to the sale of Government business

The Government has accepted 118 of the recommendations

It will not accept six, note 13 and consider the remaining 18

It will open up city passenger rail services, long distance tourist rail services and bus service contracts to competitive tendering

The Government says the idea is worthy of a public debate and it will investigate the proposal further.

It has also accepted in part recommendations the Townsville Port Authority take responsibility for the Mount Isa freight line.

The North Queensland Bulk Ports Corporation will be kept as the body responsible for the management and development of port facilities.

Its role will be expanded to include supply chain coordination.

The Port of Townsville has declined to comment.

Outsourcing services

The Government will also seek interest from private companies to run services such as public transport and rural and remote health.

It has accepted a recommendation to open rail and bus services throughout the state to competitive tendering, while also agreeing to contract out QFleet government cars, but only after further analysis.

Mr Newman defended the proposed changes.

"Let's be clear - contestability is not the same as outsourcing," Mr Newman said.

Rural health and statewide pathology and radiology services could also be provided privately.

Mr Nicholls says people do not care who provides a service.

"They care more about access, quality and timeliness of the services they receive," he said.

The full 1,000-page Costello report was tabled in Parliament today.

The executive summary released last month included proposals for asset sales, outsourcing and another shake-up of the public service.

Liberal National Party (LNP) backbenchers were yesterday briefed on the full report and the Government's implementation plan.

Mr Newman said yesterday opinions "waxed and waned" during the seven-hour partyroom meeting, and not all recommendations would be adopted.

However, Mr Newman said his MPs supported the Government's plan.

Mr Nicholls says he cannot yet estimate how much debt will be repaid by the Government's measures, or how long it will take for Queensland to regain a triple-A credit rating.

"The elevator has been plummeting down, we've managed to put a chock in it and stop it before it hits the ground," he said.

"We've now got to walk back up the stairs to get that credit rating back up.

"This is about starting the walk back up those stairs to get back up again."

"You can use outsource, you can use contestability, but at the end of the day it means sell - sell, sell, sell," she said.

Leader of opposition business Curtis Pitt says plans for outsourcing will put public service jobs at risk.

"It is about slashing services, sacking workers, and selling off Queensland's assets," he said.

"When implemented this report will have devastating impacts on the lives of Queensland's families."

Queensland Council of Unions (QCU) spokesman John Battams says LNP MPs realised they would pay the price at the next election if the Government went ahead with outright asset sales on the scale envisaged by Mr Costello.

"They've elected to undertake privatisation through the back door, by outsourcing a range of Government services, so-called contestability," he said.

"What we know that is that in other jurisdictions, outsourcing often results in lower service quality and eventually higher costs for the taxpayers."

Teacher frustration

The State Government has also been looking at the viability of some Queensland schools.

Kevin Bates from the Queensland Teachers Union says members will not accept school closures or removing class size targets.

"Anger is building - our members are increasingly frustrated with the Government that refuses to talk to them and listen to the concerns of teachers in the classroom," he said.

"It will be our requirement now to go back to our members and talk to them about how they wish to respond to these issues but ... I wouldn't rule anything in or out in terms of our possible responses."